Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$956M |
| 2 |
Apple
AAPL
|
+$935M |
| 3 |
Warner Bros
WBD
|
+$783M |
| 4 |
Home Depot
HD
|
+$626M |
| 5 |
Amazon
AMZN
|
+$476M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$734M |
| 2 |
CERN
Cerner Corp
CERN
|
+$600M |
| 3 |
Marathon Petroleum
MPC
|
+$180M |
| 4 |
PBCT
People's United Financial Inc
PBCT
|
+$169M |
| 5 |
S&P Global
SPGI
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.95% |
| 2 | Healthcare | 14.76% |
| 3 | Financials | 13.17% |
| 4 | Consumer Discretionary | 10.3% |
| 5 | Industrials | 8.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1401
Madison Square Garden
MSGS
$9.97B
| $33.2M | ﹤0.01% |
219,588
+6,320
| +3% | +$1.03M |
|
|
CYBR
1402
DELISTED
CyberArk
CYBR
| $33.2M | ﹤0.01% |
259,679
+8,391
| +3% | +$1.21M |
|
1403
First Financial Bancorp
FFBC
$3.58B
| $33.1M | ﹤0.01% |
1,707,662
+5,662
| +0.3% | +$118K |
|
|
XHR
1404
Xenia Hotels & Resorts
XHR
$1.73B
| $33.1M | ﹤0.01% |
2,276,786
-48,432
| -2% | -$863K |
|
1405
Shoals Technologies Group
SHLS
$1.4B
| $33M | ﹤0.01% |
2,002,894
+591,842
| +42% | +$8.74M |
|
1406
Towne Bank
TOWN
$3.49B
| $33M | ﹤0.01% |
1,215,382
+3,228
| +0.3% | +$92.1K |
|
|
HTLF
1407
DELISTED
Heartland Financial USA, Inc.
HTLF
| $32.8M | ﹤0.01% |
790,500
+24,557
| +3% | +$1.08M |
|
1408
Calix
CALX
$2.51B
| $32.8M | ﹤0.01% |
961,658
+8,751
| +0.9% | +$325K |
|
|
BDN
1409
Brandywine Realty Trust
BDN
$541M
| $32.8M | ﹤0.01% |
3,405,653
-49,935
| -1% | -$563K |
|
|
HPP
1410
Hudson Pacific Properties
HPP
$777M
| $32.8M | ﹤0.01% |
315,891
-19,524
| -6% | -$2.89M |
|
1411
PJT Partners
PJT
$4.36B
| $32.8M | ﹤0.01% |
466,071
+41,486
| +10% | +$2.88M |
|
1412
Trinity Industries
TRN
$2.3B
| $32.7M | ﹤0.01% |
1,349,561
-41,556
| -3% | -$1.12M |
|
|
GMS
1413
DELISTED
GMS Inc
GMS
| $32.6M | ﹤0.01% |
732,935
-14,604
| -2% | -$693K |
|
1414
Xerox
XRX
$412M
| $32.6M | ﹤0.01% |
2,193,512
+409,044
| +23% | +$7.25M |
|
1415
Terex
TEX
$7.8B
| $32.6M | ﹤0.01% |
1,189,787
-362
| -0% | -$12.1K |
|
1416
McGrath RentCorp
MGRC
$2.94B
| $32.5M | ﹤0.01% |
428,302
-4,274
| -1% | -$348K |
|
1417
Trustmark
TRMK
$2.79B
| $32.5M | ﹤0.01% |
1,115,070
-9,135
| -0.8% | -$264K |
|
1418
BOK Financial
BOKF
$8.8B
| $32.5M | ﹤0.01% |
430,494
-11,218
| -3% | -$946K |
|
1419
Bread Financial
BFH
$4.46B
| $32.5M | ﹤0.01% |
876,993
+236,103
| +37% | +$12M |
|
|
FBC
1420
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $32.5M | ﹤0.01% |
916,556
+1,610
| +0.2% | +$59.6K |
|
1421
Freshpet
FRPT
$3.48B
| $32.4M | ﹤0.01% |
625,092
+57,443
| +10% | +$4.43M |
|
1422
Super Micro Computer
SMCI
$24.3B
| $32.4M | ﹤0.01% |
8,021,790
-125,450
| -2% | -$572K |
|
|
PDM
1423
Piedmont Realty Trust
PDM
$1.19B
| $32.3M | ﹤0.01% |
2,465,159
-72,668
| -3% | -$1.09M |
|
|
MDRX
1424
DELISTED
Veradigm Inc. Common Stock
MDRX
| $32.2M | ﹤0.01% |
2,172,646
-119,266
| -5% | -$2.23M |
|
1425
Clearway Energy Class C
CWEN
$7.06B
| $32.2M | ﹤0.01% |
924,548
-30,067
| -3% | -$1.01M |
|
Similar funds
Geode Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Geode Capital Management held 5,106 positions worth $683B, down 15% from $801B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q2 2022: portfolio turnover was 4.3%. Geode Capital Management opened 131 new positions and exited 89, leaving the 5,106-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q2 2022 buy was Aspen Technology Inc: 402,046 shares worth $74M.
- Geode Capital Management added most to Microsoft in Q2 2022, an estimated $956M increase.
- Geode Capital Management's biggest Q2 2022 reduction was AT&T, cutting an estimated $734M.
- Geode Capital Management fully exited Cerner Corp in Q2 2022, selling an estimated $600M.
- Geode Capital Management's ten largest holdings make up 23% of its $683B portfolio in Q2 2022.
- Geode Capital Management opened 131 new positions and closed 89 in Q2 2022.
- Geode Capital Management's portfolio value fell 15% quarter-over-quarter to $683B.
Based on Geode Capital Management's 13F filing for Q2 2022, filed 12 Aug 2022.